COS
- ECONOMY
The Billion-Dollar Nickel-Swap Scandal That Shocked Singapore
(Bloomberg Businessweek) — Not long after the novel coronavirus arrived in Singapore, forcing the hyperconnected city-state to shut its borders…
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Give Amazon and Facebook a Seat at the United Nations
(Bloomberg Opinion) — It’s getting harder to distinguish brands from nation-states. The resemblance is not simply semiotics: logos (flags), anthems…
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Airlines Are Ripping Out Business Seats to Create a New Middle Class
(Bloomberg Businessweek) — For decades, ferrying tourists to vacation destinations has helped major airlines cover basic costs, but the front…
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Astra Reports Positive Lynparza Results for Prostate Cancer
(Bloomberg) — AstraZeneca Plc reported positive high-level results for use of its blockbuster drug Lynparza to treat prostate cancer, continuing…
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Billionaire Row Condo Board Sues Developers Over 1,500 Building Defects
(Bloomberg) — The condo board at one of New York’s tallest and toniest towers sued the building’s developers, claiming design…
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Disney Builds a New Magic Kingdom in Sports Betting
(Bloomberg Opinion) — Even the Walt Disney Co., about as family-centric as a Fortune 500 corporation can be, likes sports…
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China’s Nightmare Evergrande Scenario Is an Uncontrolled Crash
(Bloomberg) — Protests intensify at China Evergrande Group offices across the country as the developer falls further behind on promises…
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Peter Thiel Gamed Silicon Valley, Donald Trump, and Democracy to Make Billions, Tax-Free
(Bloomberg Businessweek) — The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the…
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Syngenta, Chevron Could Face Billions in Claims Over Weed Killer
(Bloomberg) — Yet another popular weed killer used by American farmers for decades is becoming a costly liability for the…
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Biggest Crypto Coin Sale Fueled by ‘Pump’ Scheme, Research Says
(Bloomberg) — It would become the biggest digital token sale on record. Over 11 months in 2017 and 2018, a…
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The Diapers.com Guy Wants to Build a Utopian Megalopolis
(Bloomberg Businessweek) — In an American economy of winners and losers, it’s clear where Marc Lore falls. He founded two…
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How Target Got Cozy With the Cops, Turning Black Neighbors Into Suspects
(Bloomberg Businessweek) — Before police Sergeant Alice White assigns officers to work off duty at the East Lake Street Target…
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The Mystery of the Missing Workers, Explained
(Bloomberg Businessweek) — The U.S. economy is in the midst of an historic comeback. But it’s happening with the lowest…
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Airbnb, Vrbo Go to Great — Sometimes Annoying Lengths — to Woo Hosts
(Bloomberg) — The phone at the Buckhorn Inn in Gatlinburg, Tennessee, has been ringing off the hook since the start…
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How Mexico Forgot Its Covid Crisis
(Bloomberg Businessweek) — Every weekday morning, Mexico’s president holds a rambling televised celebration of his supposed successes: a news conference…
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It’s the Beginning of the End of Easy Money
Central banks are starting to tip-toe away from the emergency stimulus they deployed to fight the pandemic-driven global recession. Federal…
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The Family Behind the Covid Bleach Cure Was Making a Fortune
(Bloomberg Businessweek) — Mark Grenon jolted awake in a sweat, his heart pounding. He’d been shaken by a nightmare that…
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If Hardwood Floor Prices Have You Down, Try a More Eco-Friendly Option
(Bloomberg Businessweek) — Hardwoods are often a first choice when it comes to flooring, but they’re not perfect for every…
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Trailblazers Building a More Equitable, Sustainable World
(Bloomberg Businessweek) — Excerpts from Bloomberg interviews with trailblazers from around the world who are reshaping business and government to…
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Solar Storms Are Back, Threatening Power Grids and Satellites
(Bloomberg) — A few days ago, millions of tons of super-heated gas shot off from the surface of the sun…
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More and More `Normies’ of Finance Are Getting ETH-Pilled
As a “normie” in the traditional finance world, I’m trying to remain intellectually open to the crypto space. There are…
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Biden’s $6 Trillion Spending Program Isn’t Welfare
More than 40 years have passed since Ronald Reagan ascended to the White House with a powerful and simple message:…
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How to Build a Portfolio That Outperforms for a Century
(Bloomberg) — There’s a scene in 2011’s “Moneyball” — the Hollywood take on Michael Lewis’s 2003 book — where economics grad Peter Brand describes a…
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Costco Brings Its Low-Price Magic to Employer-Paid Drug Plans
(Bloomberg Businessweek) — Large American retailers have long viewed health care as a potentially lucrative avenue to expand their businesses.…
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Ashmore Funds to Sell Pakistan Coca-Cola Can Maker Stake Via IPO
(Bloomberg) — A group of funds managed by Ashmore Investment Management Ltd. are planning to sell part of their stake…
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Floyd Killing Forces U.S. Business to Examine its Record on Race
(Bloomberg) — Derek Chauvin’s trial ended in a conviction. The business reckoning inspired by George Floyd’s killing is far from…
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Kominers’s Conundrums: ‘The Phantom Tollbooth’ in Seven Puzzles
(Bloomberg Opinion) — You can now have Conundrums sent directly to your inbox! Sign up here. When it comes to…
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The Pandemic Is Creating a ‘Postwar Boom’ for Luxury Carmakers
(Bloomberg) — Famously reticent to disclose how many cars they sell or at what amount of profit, luxury automakers are finding it…
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Zillow Accused in Suit of Squashing Competition in Home Listings
(Bloomberg) — Zillow Group Inc. stifles competition in home listings online, leading to less choice and higher prices for consumers,…
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Bond Tantrum Has Big Silver Lining for Pensions
(Bloomberg Opinion) — As is often the case with large market swings that evoke the specter of a “regime change,” it’s…
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When Does a Commodities Boom Turn Into a Supercycle?
(Bloomberg) — A surge in commodity prices has Wall Street banks gearing up for the arrival of what may be…
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